Economic Crisis and Policy Choice: The Politics of Adjustment in Less Developed Countries / Edition 1

Economic Crisis and Policy Choice: The Politics of Adjustment in Less Developed Countries / Edition 1

by Joan M. Nelson
     
 

The acute economic pressures of the 1980s have forced virtually all of Latin America and Africa and some countries in Asia into painful austerity programs and difficult economic reforms. Scholars have intensively analyzed the economics of this situation, but they have given much less attention to the political forces involved. In this volume a number of eminent

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Overview

The acute economic pressures of the 1980s have forced virtually all of Latin America and Africa and some countries in Asia into painful austerity programs and difficult economic reforms. Scholars have intensively analyzed the economics of this situation, but they have given much less attention to the political forces involved. In this volume a number of eminent contributors analyze the politics of adjustment in thirteen countries and nineteen governments, drawing comparisons not only across the full set of cases but also within clusters selected to clarify specific issues. Why do some governments respond promptly to signs of economic trouble, while others muddle indecisively for years? Why do some confine their response to temporary macroeconomic measures, while others adopt broader, even sweeping, programs of reform? What leads some countries to experiment with heterodox approaches, while most, however reluctantly, pursue orthodox courses? Why, confronted with intense political protest, have some governments persisted while others have altered or abandoned course? The answers to these questions are political, not economic, and they are examined here by Thomas M. Callaghy, Stephan Haggard, Miles Kahler, Robert R. Kauman, Joan M. Nelson, and Barbara Stallings.

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Product Details

ISBN-13:
9780691023106
Publisher:
Princeton University Press
Publication date:
02/09/1990
Pages:
392
Product dimensions:
6.13(w) x 9.27(h) x 0.97(d)

Table of Contents

List of Figures and Tablesvii
Contributorsix
Prefacexi
Chapter 1Introduction: The Politics of Economic Adjustment in Developing Nations3
Chapter 2Orthodoxy and Its Alternatives: Explaining Approaches to Stabilization and Adjustment33
Chapter 3Stabilization and Adjustment in Argentina, Brazil, and Mexico63
Chapter 4Politics and Economic Crisis: A Comparative Study of Chile, Peru, and Colombia113
Chapter 5The Politics of Adjustment in Small Democracies: Costa Rica, the Dominican Republic, and Jamaica169
Chapter 6The Political Economy of the Philippine Debt Crisis215
Chapter 7Lost Between State and Market: The Politics of Economic Adjustment in Ghana, Zambia, and Nigeria257
Chapter 8Conclusions321
Statistical Appendix: Thirteen Countries, 1979-1988363
Index371

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